On a cold winter day, a group of employees decides that the temperature in their manufacturing plant is unbearably cold. Together, the employees approach their employer and request that the heat be turned up. The employer:
A. Must collectively bargain with this group of employees over the plant temperature.
B. Can fire the employees for insubordination.
C. Must turn up the heat at the request of the employees.
D. May refuse the employees' request.
Answer: D
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Describe the difference between training and development.
What will be an ideal response?
Moonbeam Company is considering purchasing a new machine for $80,000. The new facility will generate annual net cash inflows of $20,000 for six years. At the end of the six years the machine will have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 12% on investments of this nature.
Requirements
1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment.
2. Recommend whether the company should invest in this project.
Which of the following conditions normally would not indicate that standard costs should be revised?
A) The engineering department has revised product specifications in responding to customer suggestions. B) The company has signed a new union contract which increases the factory wages on average by $2.00 an hour. C) Actual costs differed from standard costs for the preceding week. D) The world price of raw materials increased.
Which of the following is the level of HRD evaluation identified by Kirkpatrick (1987) that seeks to ‘measure’ the achievement of training objectives, through, for example, testing or interviews:
a. reaction level b. immediate level c. intermediate level d. ultimate level